Board-Level Budget Approval Process

VIP SOLUTIONS CASE STUDY

Manufacturing

INDUSTRY

4,500

EMPLOYEES

$750M

ANNUAL REVENUE

BACKGROUND

In preparation for a go-to-market sale process, our client engaged us to enhance the budget preparation process and board approval process to add credibility to their anticipated performance.

OBJECTIVES

Build budget that aligns top down strategies with bottoms-up manager level performance drivers
Establish Executive and Board level communications to ensure budget adoption and approval
Anticipate external review requirements to fortify credibility of budget and communications
"Ledger-ize" budget activity for ease of comparability vs actuals

SOLUTIONS

Accumulated board level strategies for the 2023 year and aligned those to executive leaders
Built base line and incremental performance budgets to communicate performance and strategy initiatives
Built budget communication deck anticipating external review requirements
Ledgerized the budget activity for load in ERP test environment

Dramatically increased the sophistication and credibility of the budget creation and communication process